As a millennial, you may often wonder about savings; why should you put a portion of your income into investments like mutual funds or shares when you can easily buy those new Gucci shoes, an iPhone X or a brand new Rolex? As a matter of fact, popular belief amongst millennials, is that investments are for the older generation. You know what the truth is? Investments are for everyone and being financially secure is the gateway to a comfortable and jolly good future.
So you discovered how much financial power you have and the various ways you could channel your income into future profits. Now it is important to have a rethink about your spending habits and consider saving more. Investing isn’t always easy, especially for the younger folks, as a large number of this group, find it difficult to set aside part of their salary for investing purposes. Maybe you don’t understand how to invest, why you should invest or maybe the available options are just not appealing. Rather, you find millennials breaking the bank for the latest gadgets, trendy clothing, and even date nights.
The question is: is investing really that important for you as a millennial? The answer is an obvious YES because this is one of the keys to financial freedom and stability in the future. It’s not as difficult as you may think, as all that is required is being a wiser with your spending and saving more funds.
Looking for ways to grow your money as a millennial? Let’s begin with some tips to guide you on how to save:
You have so much potential in your life to leverage on but this can only happen if you know what to invest in. It is important to speak with financial experts such as FBNQuest Asset Management, to help you through this journey, provide advice on different solutions you can invest in and explain the short and long term benefits of becoming smarter financially.
Contact fbnquest.com/assetmanagement for more information on how you can start investing today. Remember, it is not about how much you make, but about making your money work for you & watching it grow.